Filing Flows › Primoris Services (PRIM) › Q3 2026 › vs Q3 2025
Primoris Services (PRIM) Q3 2026 vs Q3 2025 (year over year)
Primoris Services's revenue fell $226M (-10%) from $2.2B in Q3 2025 to $2.0B in Q3 2026. Gross margin 10.5% against 10.8% (-0.3 pts).
Primoris Services, Q3 2026: revenue $2.0B (-10% year over year), operating margin 4.9%, net earnings $51.3M, operating cash flow $140M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 10.5% | 10.8% | -0.3 pts |
| Operating margin | 4.9% | 6.3% | -1.4 pts |
| Net margin | 2.6% | 4.3% | -1.7 pts |
| Free cash flow margin | 5.0% | 6.8% | -1.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | −$226M | -10% |
| Gross profit | $205M | $236M | −$31.0M | -13% |
| Cost of revenue | $1.7B | $1.9B | −$195M | -10% |
| Operating profit | $94.9M | $137M | −$42.1M | -31% |
| Operating expenses | $110M | $98.7M | $11.1M | +11% |
| Pre-tax earnings | $80.6M | $131M | −$50.4M | -38% |
| Other expense, net | $14.3M | $6.0M | $8.3M | +138% |
| SG&A | $109M | $97.7M | $11.3M | +12% |
| Other operating costs | $800K | $1.0M | −$200K | -20% |
| Net earnings | $51.3M | $94.6M | −$43.3M | -46% |
| Income tax | $29.3M | $36.4M | −$7.1M | -20% |
| Depreciation & amortization | $34.0M | $23.8M | $10.2M | +43% |
| Share-based compensation | $4.7M | $4.5M | $200K | +4% |
| Working capital & other | $50.2M | $60.0M | −$9.8M | -16% |
| Operating cash flow | $140M | $183M | −$42.7M | -23% |
| Free cash flow (OCF − capex) | $98.1M | $148M | −$50.3M | -34% |
| Capital expenditures | $42.1M | $34.5M | $7.6M | +22% |
Questions
How much did Primoris Services's revenue grow year over year in Q3 2026?
Primoris Services's revenue fell $226M (-10%) from $2.2B in Q3 2025 to $2.0B in Q3 2026. Gross margin 10.5% against 10.8% (-0.3 pts).